World Bank Latin America

There is no denying that the U.S. stock market decline took its toll on markets around the world. The roots of the U.S. credit crisis is intimately related to the technology bubble of the late 90’s and the decline of the stock market in an economic recession that began in 2000. The bailout started later, under the logic of save big investors and although Bush asks taxpayers of this country to trust the strength of the market on Wall Street, it has collapsed, this crisis is the biggest since the 20’s. Maybe not with the same fatal consequences, given the curious, paradoxical state intervention in a “free market capitalism.” Take into account that says Spain-freedom. Com., That Europe for its part does not escape from this crisis and bases its concern at a possible slowdown and rising inflation in the Euro area, which create hindrances for Central Banks in action to find a balance between these two factors, something that he is seriously considering the European Union and seeking measures to counteract detrimental effects on their economies The fear that this crisis will deepen, has motivated a number of meetings between some financial powers of Europe are the United Kingdom, France, Germany and Italy, who have opted for transparency in the markets, especially in banking and risk agencies as the best weapon to combat this scourge. According to the head of World Bank Latin America, Augusto de la Torre, despite the global financial crisis, the region “will continue growing faster than rich countries” and that his current situation is “less vulnerable to macroeconomic shocks” .

This entry was posted in News and tagged economy. Bookmark the permalink. Both comments and trackbacks are currently closed.